If you are a talented game developer, or even an aspiring one, and you think the Oculus Rift is a piece of awesome technology, then you may be interested in knowing that Oculus VR & IndieCade have announced a game development contest called the VR Jam.

VR Jam is a content that begins on August 2nd and runs until August 25th during which time game developers are challenged to build a game that is specifically designed for use with the Oculus Rift virtual reality headset and submit it for review.

No contest would be complete without prizes so here is the list;

Each grand prize winner will receive:

$10,000 cash prize.

Oculus will pay for travel and lodging for 1 member of the winning team to attend IndieCade and exhibit at event (up to $2,000).

An invitation to visit Oculus HQ to meet the Oculus team.

Oculus will promote the content through social channels.

Opportunity to exhibit winning content at IndieCade 2013.

Coupon for submission to IndieCade 2014.

A limited edition Oculus + IndieCade VR Jam 2013 t-shirt.

Each 2nd place winner will receive:

$5,000 cash prize.

Oculus will promote the content through social channels.

Opportunity to exhibit winning content at IndieCade 2013.

Coupon for submission to IndieCade 2014.

A limited edition Oculus + IndieCade VR Jam 2013 t-shirt.

Each 3rd place winner will receive:

$3,000 cash prize.

Oculus will promote the content through social channels.

Opportunity to exhibit winning content at IndieCade 2013.

Coupon for submission to IndieCade 2014.

A limited edition Oculus + IndieCade VR Jam 2013 t-shirt.

Each finalist will receive:

$500 cash prize.

Oculus will promote the content through social channels.

Coupon for submission (any game) to IndieCade 2014.

A limited edition Oculus + IndieCade VR Jam 2013 t-shirt.

IndieCade is the largest annual festival of independent games and games developers from around the world. You can sign up for the contest by jumping to the source link.